Aurora Cannabis gains 1.17% within 63 cents to 66.28 cents daily range

Today at a glance: after closing at 64.7 cents on yesterday, Aurora Cannabis maintained a strong bullish bias that helped the stock close higher at 65.46 cents today. However, market bears ensured the the Canadian cannabis spearhead topped out at 66.28 cents and that by the end of the session, the market had marked out a distinct 63 cents to 66.28 cents range.

Nevertheless, United States Initial Jobless Claims fell short of the 200,000 projections, with new data of 228,000. United States Crude Oil Inventories fell short of the -2.33 million projections, with new data of -3.74 million.

At the same time, United States ISM Non-Manufacturing PMI (Mar) came out at 51.2, while a consensus of analysts was expecting 54.5.

'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end. Aurora Cannabis made an initial breakout above its 3 day Simple Moving Average at 66.11 cents, a potential indicator of a newly emerging bullish phase. Aurora Cannabis's lower Bollinger Band® is at 63.5069 cents, indicating that the market is oversold and fertile for new buyers. In contrast, although Aurora Cannabis is appreciating today after rising as high as 66.28 cents, price action is now slowing and consolidating around 1 cents below the 66.8267 cents resistance level.

Aurora Cannabis continues to move higher with technical analysis indicating the trend will continue in the short term.

This rally in Aurora Cannabis's share price coincided with other health care stocks as Bristol-Myers Squibb Company added 2.15% to its value, and traded at $70.74. Sanofi gained 2%, as it traded at $55.93. Eli Lilly and Company traded at $368.29 after closing today's trading day at $362.24 (up 1.67%).

Also worthy of note, tomorrow at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 239,000 from the preceding figure of 311,000.

Furthermore, the market is looking at United States Unemployment Rate is expected tomorrow at 12:30 UTC.

On a negative trend for around 2 months. Over the past a year, the Canadian cannabis producer has retreated 82.84% from a noteworthy peak of $3.77.